31st March 2021 #NiftyFuture Intraday Levels and Pre-market Report

NiftyFuture last close: 14913.55 (+2.1%)

Indian equities rose more than 2% on March 30 and market reacted strong global cues

NF posted its biggest one-day gains of the last two months

NF was opened 14700 and went to gradually up to 14949. Finally settled at 14913

Nifty50 ended with gains of 337 points to 14845 while Sensex rallied 1128 points to 50136

Investor’s wealth increased up to Rs 3.5 lakh crore in a single day

All sector indices closed in the green

IT, Pharma, Metal and FMCG marked the biggest gain and rose more than 2.5% each sector

In last 7 sessions, NF was moved from 14900 to 14260 then back to 14900. Formed V shape

Today, In morning SGXNifty went to +50 points and now trading at 50-70 points lower

US bond yield climb, Asian markets opened lower and US future turned to negative

US markets ended slightly lower on March 30

Dow Jones fell 104 pts and Nasdaq down 15 pts

UNESCAP says India’s economic output in 2021 is expected to remain below 2019 level

Oil prices fell more than 1% on March 30 as the Suez Canal reopened to traffic

FIIs and DIIs both pumping in money in cash segment they bought 769 Cr and 2181 Cr

NiftyFuture formed a strong bullish candle on a daily scale and closed above 20 and 50 DMA. But, on economic side looks very weakness and over valued current Nifty value.

However, SGXNifty indicate a 50-80 points lower opening for the index

Today NiftyFuture is facing a intraday resistance 14915 and 14950

Once if breaks and sustains above 14950……… Will try to move 15000+

Today NF can be considered as supports as 14860, 14835 and 14790

Below 14790……… Expecting more pain

More live market update will be sent to my clients only

Updated: 08.37 am / 31st March 2021